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FxWirePro: GBP/CHF breaks major trend line support, good to sell on rallies

  • Major trend line support - 1.460 (trend line joining 1.4460 and 1.4535)
     
  • GBP/CHF has broken major support 1.4600 and declined till 1.4500 level. It is currently trading around 1.4570.
     
  • Overall trend is weak as long as resistance 1.4750 holds and any break above targets 1.4795/1.4836.
     
  • On the lower major support is around 1.4500 and break below targets 1.4380/1.4150.

It is good to sell on rallies around 1.460-620 with SL around 1.4750 for the TP of  1.4380/1.4150

 

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